Columbia College gift goes toward entrepreneurship effort

Friday

Sep 28, 2012 at 12:01 AMSep 28, 2012 at 6:39 AM

Janese Silvey

An alumnus turned corporate CEO has donated $500,000 to Columbia College to create a new entrepreneurship program on campus.

Steve Fishman, chairman and president of Big Lots Inc., announced the contribution at a dinner last night, kicking off the public phase of Columbia College's latest fundraising effort. The Tradition Meets Tomorrow campaign aims to raise $10 million. More than $7.4 million has already been raised during a silent phase.

Fishman's donation will establish the Steven and Barbara Fishman Center for Entrepreneurship, an academic unit that will cater to students who have business ideas.

Fishman, who met his wife at Columbia College, is also a member of the college's Board of Trustees. He has helped create two internship programs and in 1999 received a distinguished alumni award.

He said he made the latest contribution because he wanted to help students who have passion and good ideas but need help turning them into reality.

The center will provide funds to students both in the form of scholarships and seed money for startup companies. Already, $5,000 has been awarded to both Brynne Stansberry and Bailye Stansberry, college spokeswoman Brandi Herrman said. The sisters are trying to market their idea for see-through rain boots with interchangeable fabric liners.

"This school is filled with potential future business leaders who will make a huge difference in their communities, states and potentially the nation," Fishman said.

He also wants the center to help students find internship opportunities. Although details are still being finalized, Fishman envisions a board being established to select funding recipients.

In addition to being a graduate, Fishman said it makes sense for Big Lots to contribute to Columbia College. There are stores in 29 of the college's 34 locations, and Fishman said his company needs marketing, finance and other professionals, too.

"There's a need for growth of young people doing all kinds of jobs," he said.

The Tradition Meets Tomorrow campaign is designed to raise money that will support science and arts and humanities, as well as business.

Donations also are being sought to support the online and evening campuses and athletic programs.

In a statement, President Gerald Brouder said Fishman's contribution will allow Columbia College to "follow through with our vision to be a model institution."